Benzinga - Dogecoin (CRYPTO: DOGE) was not been spared in the crisis that has enveloped cryptocurrencies in the wake of the liquidity crunch facing Sam Bankman-Fried-led firms FTX and Alameda Research in November 2022.
The troubles at the beleaguered cryptocurrency exchange, FTX, intensified after Binance said it would not be acquiring the platform citing issues "beyond our control."
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The Investment: Dogecoin was seen trading at $0.07 at the time of writing. Before the FTX crisis unfolded, Dogecoin was buoyant and at the beginning of November last year, it was seen trading at an intra-day high of nearly 16 cents.
The rise in the price of meme coin came after Tesla CEO completed the purchase of Twitter. There was speculation that Twitter could introduce a cryptocurrency wallet at the time.
If DOGE were to regain the levels seen on Nov. 1, here's how much an investor stands to gain if they invested $100 in the meme coin at the time of writing when it traded at $0.07.
| Dogecoin (DOGE) | Mar. 27, 2023 | $100 | $0.07 | 1360.36 | $213.85 | 113.85 |
The investor stands to gain 113.85% should DOGE regain its Nov. 1 price level and their $100 investment would turn into $190.73.
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